Fife pension fund joins arrangement between Lothian and Falkirk local authority funds. : According to reports, global bond ETFs had their best quarter on record in the first quarter of 2017 with $44.5bn of inflows Three Scottish public sector pension funds are set to collaborate on investment after the £2.4bn (€2.8bn) pension fund for the council of Fife joined the arrangement between Lothian and Falkirk pension funds. Lothian and Falkirk Council pension funds have been using a collaborative investment model and joint investment strategy panel since June 2017.